Garden Apartment

Garden Apartment

An apartment complex with a large courtyard. Garden apartments usually have only one or two stories so the courtyard looks close to all tenants. These apartments may give the impression of being in the country, regardless of where one actually lives. Depending on how well kept garden apartments are, they may be more expensive than other rental units.

One of the first American housing developments to mix residential, commercial and social uses, The Garden Apartments was built in 1929 by Julian Rosenwald, the chairman of Sears, and his nephew, architect Ernest Grunsfeld (who also designed the Adler Planetarium, at the behest of Rosenwald's brother-in-law, Max Adler).

In the second half of 2004, we developed a niche and found an eager market for special types of garden apartments for student housing that we have offered as 'collegiate living' alternatives," McCarthy said.

Professional Builder magazine also presented its Best In American Living Silver Award for Best Rental Development to Firestone and it won the Texas Association of Builders Texas Star Award for Best Garden Apartments.

To better facilitate a transaction, the Advisor and the Property Manager agreed to accept the transfer of 100% of those interests in the garden apartments in lieu of cash in satisfaction of all fees due to them under their agreements.

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